Overview Indonesia’s economy is growing rapidly, and a large portion of the population is entering the middle-class and affluent consumer (MAC) socioeconomic category. As those in this group begin to ramp up their spending in key segments—such as home goods, … Continue reading →
Bank Indonesia hasn’t decided on the proposed acquisition of Bank Danamon Indonesia by DBS Group Holdings, the central bank said on Monday, denying a report the deal had been approved. The Wall Street Journal reported on April 13 that Southeast … Continue reading →
Palm oil exports from Indonesia, the world’s largest producer, jumped to the highest level in at least five years in February after China and Pakistan boosted purchases to benefit from a slump in prices. Shipments, including palm and kernel oils, … Continue reading →
To keep up with growing demand for cement in the domestic market, local and foreign producers have earmarked spending of up to $6.68 billion in the next four years to build and expand manufacturing plants for the building material. The … Continue reading →
Indonesia is expected to have received more than Rp 300 trillion ($32 billion) in investment realization last year, higher than the targeted Rp 283 trillion, said an official from the National Investment Coordinating Board (BKPM). Azhar Lubis, the deputy of … Continue reading →
The head of Indonesia’s Lion Air said after a placing a record Airbus order on Monday that he would use the aircraft to start up new airline ventures underpinned by strong demand in Asia. In an exclusive interview with Reuters, … Continue reading →
This year Indonesia could pass Thailand to become the largest vehicle market, by unit sales, in Southeast Asia. That’s no small thing, given Thailand has edged into the world’s top 10 vehicle producers and Indonesian output, at the growth rate … Continue reading →
As part of the state visit by Susilo Bambang Yudhoyono, the President of the Republic of Indonesia, a meeting took place in Berlin today between Dr. Klaus Lesker, Managing Director of Ferrostaal GmbH, and the President. Prior to this meeting, Ferrostaal … Continue reading →
State-owned telecommunications company, PT Telekomunikasi Indonesia (Telkom) expects to control up to 60 percent of the mobile phone market in Timor Leste in five years through its newly established subsidiary Telekomunikasi Indonesia International (Telin). Telin’s operation in the former Indonesian … Continue reading →
Australian-based BlueScope Lysaght Indonesia, which produces an array of steel products, plans to expand its business by building 10 factories in Indonesia between now and 2016. Willius Suwandana, the president director of the company, said on Friday that the firm … Continue reading →